Ciarán Lynch (Cork South Central, Labour) | Oireachtas source

Thank you, Dr. Bacon, for your opening comments. You wrote three reports, in 1998, 1999 and 2000. In the 2000 report you noted house prices were rising rapidly despite a strong response of housing supply, the law of supply and demand. The report recommended new measures including further proposals to discourage investors and another reform of stamp duty.

Maybe you could outline these measures to the committee, how many of the key recommendations were implemented by the Government and what impact they had on the housing market.